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Copart Inc (CPRT)
NASDAQ:CPRT
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$0.37Last Year’s EPS
$0.33Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 21, 2024
|% Change Since: 2.32%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with significant growth in the insurance and Blue Car businesses, strong international expansion, and an effective response to hurricane impacts. However, there were some challenges such as slight declines in global ASPs and increased facility-related costs.Company Guidance
In the Copart, Inc. Q1 2025 earnings call, the executives provided guidance emphasizing key performance metrics and strategic focuses. The company reported a 12% increase in global unit sales and a 6% rise in inventory, largely driven by a 13% growth in their insurance business unit volume. Excluding catastrophic events, this growth stood at 9% year-over-year. The insurance sector saw a total loss frequency increase to 21.7%, up nearly 2% from the previous year. Copart's proactive measures during recent hurricanes resulted in selling approximately 25% of the assigned vehicles within three weeks post-landfall. The company also leveraged its extensive storage capacity, technology, and logistics networks to achieve unprecedented speed in processing vehicles. Financially, Copart's global revenue for the quarter rose to $1.15 billion, marking a 12% growth, with global service revenue climbing by 15%. The U.S. segment saw an 11% unit growth, while international operations reported a 16% increase. Despite a less than 1% decline in global ASPs, U.S. insurance ASPs dropped only 1% compared to a broader market decline. Overall, Copart continues to invest in expanding its operational capacity, technology, and specialty equipment sales, with a significant focus on optimizing its vehicle processing capabilities to support long-term organic growth.Strong Response to Hurricanes
Copart's advanced preparation and execution resulted in approximately twice as many vehicles picked up in the first 10 days of the 2024 storms compared to Hurricane Ian in 2022, with 3 out of every 4 catastrophic units sold in Florida during October on Copart's auction platform.
Insurance Business Growth
The insurance business grew approximately 13% in unit volume for the quarter, with a 9% year-over-year growth excluding catastrophic events.
Global Revenue Increase
Global revenue in the quarter increased to $1.15 billion, representing growth of over $126 million or about 12%.
Strong Performance of Blue Car Business
The Blue Car business showed strong year-over-year growth of over 20%.
International Growth
International unit growth of nearly 16% in the quarter, with inventory levels over 10% ahead of prior year.
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CPRT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CPRT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 21, 2024 | $56.90 | $62.70 | +10.19% |
| Sep 04, 2024 | $53.05 | $49.51 | -6.67% |
| May 16, 2024 | $54.58 | $54.50 | -0.15% |
| Feb 22, 2024 | $49.41 | $51.38 | +3.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Copart Inc (CPRT) report earnings?
Copart Inc (CPRT) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Copart Inc (CPRT) earnings time?
Copart Inc (CPRT) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CPRT EPS forecast?
CPRT EPS forecast for the fiscal quarter 2025 (Q2) is $0.37.
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